Naik, Narayan Y. (contributor); Yadav, Pradeep (contributor) - 2000 - [Elektronische Ressource]
risk
as opposed to traditional firms who are exposed to multiple sources of risks such as interest
rate risk, currency risk … bundling of risks. They argue for
example, that an investment bank entering into a currency swap takes on the currency risk as …
well as the credit risk. The bank can lay off the currency risk in the market but not the credit
risk. In a similar spirit …